Uncategorized

The Pound Sterling slipped against its US counterpart and moved off the recently struck 6-week peak as Boris Johnson doubled down on his assertions that he would not request a Brexit delay. The Prime Minister is legally required to formally request a postponement but the Johnson team is trying to find a way around it.
0 Comments
FTSE 100 Technical Highlights: FTSE grinding higher, at risk of falling soon Big-picture price pattern could become influential For our analysts intermediate-term fundamental and technical view on the FTSE and other major indices, check out the Q3 Global Equity Markets Forecast. FTSE grinding higher, at risk of falling soon The FTSE remains a laggard among
0 Comments
The latest economic data this week has once again illuminated the extent of the damage caused by the ongoing trade war between the US and China. Industrial production in China hit a fresh 17 year low over August growing at just 4.4%, down from the prior month’s 4.8% reading. Industrial production is now at its
0 Comments
THE PILOTS of the Port of London Authority are the cabbies of the Thames estuary. Based in Gravesend, 33km from the capital, they navigate some 10,000 ships into London terminals every year. Dispatched offshore on fast patrol boats, they use rope ladders to board ships as tall as buildings. Much like London’s black-cab drivers, who
0 Comments
CRUDE OIL PRICES SKYROCKET ON SAUDI PIPELINE ATTACK, SUPPLY SHOCK FEARS Crude oil prices topped 63.00/bbl for the second time on Monday as commodity traders weigh the shock to global supply from the recent Saudi Aramco attack and Middle East instability Spiking crude oil prices threaten to undermine an already weak global economy Check out
0 Comments
Mañana podríamos ver algo más de volatilidad en los pares Euro con la publicación de datos importantes de sentimiento empresarial en Alemania y la Zona Euro. Ambas cifras se publican a la misma hora, y el mercado típicamente se enfoca en la economía más grande de Euroa. Luego de que haya mejorado en sentimiento de
0 Comments
Australian Dollar Price Forecast: AUD/USD, AUD/JPY, EUR/AUD The Australian Dollar technical backdrop has become less sanguine as price action shows signs of stalling. Where might AUDUSD, AUDJPY and EURAUD head next? British Pound Weekly Technical Outlook: GBPUSD May Run Further Cable has put together a decent rally off the recent low, and there may be
0 Comments
Tomorrow we could get some extra volatility in Euro pairs with the release of key sentiment data from both Germany and the eurozone. Both figures come out at the same time. The market typically focuses on the largest economy in Europe. After risk sentiment getting a boost from Thursday’s ECB meeting, the question is whether
0 Comments
Dollar Drives Higher The US dollar has started the week on a better footing following the heavy sales seen at the end of last week. Rising tensions between the US and Iran, in the wake of the weekend’s drone strike attacks on Saudi Oil sites, has seen equities prices coming off, fuelling safe-haven inflows for
0 Comments
Profit taking by FX traders who remain wary that Britain will be able to secure an agreement before the October Brexit deadline has pushed the Pound lower during London trade. Last week, the British Parliament had voted to compel the Prime Minister to request a postponement of the deadline but the weekend’s rhetoric suggests both
0 Comments
Canadian Dollar Technical Highlights: Check out the intermediate-term fundamental and technical outlook for major markets and currencies in the DailyFX Quarterly Forecasts. Canadian Dollar jumps on crude oil spike Crude oil opened the week with a massive, double-digit percentage gap higher following drone attacks on a Saudi oil facility. With crude oil ripping, the Canadian
0 Comments
Record Moves in Oil Its been an extremely volatile start to the week for oil markets. Traders are reacting to the news over the weekend of drone attacks on the world’s largest oil processing site in Saudi Arabia. The strike, which hit the Aramco controlled site at Abqaiq as well as the nearby oil field
0 Comments